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ETH Heading to $6,000 After The Huge Sell-Off. Don’t Miss This Now!

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Dec 7, 2021

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Last Saturday, due to the uncertain risks and impact of Omicron, a new coronavirus variant, driving traders to sell off riskier assets over worries about this virus.

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Bitcoin dropped sharply overnight Saturday, plunging to a low near $43,000, while ETH dived to a low near $3,500 mark with a loss of 16%.

However, at the beginning of this week, as investors’ concerns over the Omicron variant eased.

BTC climbed back above $50,000 whereas ETH bounces back above $4,400 amid the launch of CME micro ETH futures. 

Why Do We Think ETH Has Retained Bullish Momentum to $6K?

1. Micro ETH Futures’ Launch Impact May Boost ETH Price as that in February

On Monday, Chicago Mercantile Exchange Group(CME) expanded its crypto offerings, launching a micro Ether futures product for both institutional and retail traders. 

As we know that when CME Group first launched its Bitcoin futures contracts in December 2017, pushing BTC price to skyrocket from $6,000 to $20,000, with an increasing rate of 225% in 2 months and a half. 

Moreover, since the launch of ETH futures contracts in February, ETH price has also more than doubled.

As more and more institutional investors rush into the ETH futures area and the increase of FOMO mood, the demand of ETH will also be in a linear growth, which somehow will be a catalyst for a new rally of ETH price. 

2.The Approval of ETH ETF By SEC May Be Just Around The Corner

Kelly ETFs, an issuer of exchange-traded funds (ETFs), has filed for a U.S. Ether futures ETF at late November.

The Kelly Ethereum Ether Strategy ETF will invest in cash-settled Ether futures contracts traded on the Chicago Mercantile Exchange (CME).

Notice that SEC Chair Gary Gensler previously said he was interested in taking a closer look at proposed crypto products under the ’40 Act, especially those holding futures traded on the Chicago Mercantile Exchange.

If SEC approves ETH ETF, which will make the Ethereum native coin a much more attractive investment.

3.ETH’s Bright Future in 2022

ETH is a blockchain model focused on building a secure, decentralized environment to host applications of all types.

In 2021, decentralized finance (DeFi) and non-fungible tokens (NFT) took the stage in the crypto world, and most of them started on Ethereum.

In other words, tons of transactions are completed with Ether. However, slow speeds and high transaction fees have plagued the Ethereum network.

Fortunately, ETH’s co-founder Vitalik Buterin put forward Layer 2 to lower the transaction costs last month, indicating advancements are already on the way in which ETH could gain traction in 2022.

How to Make Great Profits in ETH trading with Small Money?

At present, ETH is pricing at $4,400. That is to say you need to pay $44,000 to buy 10 ETH which is not a small fortune to sneeze at.

Even if ETH surges to $6,000, you can only earn $16,000, and the ROI is as low as 36%. Is there any way to get up to 3000% ROI in ETH trading, but with small money invested?

100x leverage ETH futures trading is a good option for you. With 100x leverage added, you can open a 10 ETH long contract at the price of $4,400.

When ETH reaches $6,000, your potential profit will be ($6,000 – $4,400) *10 ETH*100x / $4,400 = 3 ETH. It is worth noting that you only need to use $400 (0.09ETH) as margin. 

Trade 100x Leverage ETH Futures in BexPlus

Bexplus is one of the most reliable and professional crypto futures exchanges with more than 800K users from over 200 countries in the world.

Bexplus offers BTC, ETH , ADA  Doge and more crypto perpetual contracts with 100x leverage. It enables you to go long or go short to hedge loss in the spot market as well as maximize profits on the price fluctuations. 

Advanced Features of Bexplus

Interests-bearing BTC wallet

Deposit BTC and store it in the wallet, you can enjoy up to 21% annualized interest.

Demo account with 10 BTC

Bexplus provides users with a demo account with 10 FREE BTC.You can test your trading strategies without losing a penny. 

Android & iOS App

Bexplus creates a mobile trading experience that is smooth, simple, and professional as it is on the webpage. The official mobile apps can be downloaded from Google Play and App Store.

Join Bexplus and Get 100% BTC Bonus Giveaways

Claim 100% BTC bonus after making a deposit in Bexplus. Each user can get a maximum of 10 free BTC at a one-time deposit.

Deposit 10 BTC, you will get 20 BTC credited in your account, which can also increase your margin rate.

Join Bexplus and enjoy 100% bonus as well as get bigger gains in ETH trading!

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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